{"id":262,"date":"2024-06-27T13:21:38","date_gmt":"2024-06-27T10:21:38","guid":{"rendered":"https:\/\/freecashnodepositcasino.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-drops-in-july\/"},"modified":"2024-06-27T13:21:38","modified_gmt":"2024-06-27T10:21:38","slug":"massachusetts-sports-betting-revenue-drops-in-july","status":"publish","type":"post","link":"https:\/\/freecashnodepositcasino.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-drops-in-july\/","title":{"rendered":"Massachusetts Sports Betting Revenue Drops in July"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/3cXRNaiiN2w\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Bay State&#8217;s sports betting activity took a downturn in July, marking the fourth consecutive month of decreasing spending. <\/p>\n<p>Sports betting in Massachusetts fell below the $300 million mark in July, reaching a total of $294.9 million, a decrease of 11.3% from the $332 million recorded in June. This represents the lowest monthly figure since the launch of legal online betting in April.<\/p>\n<p>This is the first instance where both land-based and internet betting expenditures have dropped below the $300 million threshold.<\/p>\n<p>Online wagering contributed $288.1 million, reflecting a 10.9% month-on-month decline. Retail betting also experienced a decrease, falling by 20.0% to $6.8 million.<\/p>\n<p>The decline in betting activity resulted in a drop in revenue, with July&#8217;s sports betting tax revenue also experiencing a decrease. The combined total for retail and online wagering reached $29.4 million, down 8.7% from the $32.2 million recorded in June.<\/p>\n<p>Of this total, online betting revenue amounted to $28.8 million, representing a 10.3% decrease. The remaining $576,139 was generated by retail betting, marking a 274.3% increase from June.<\/p>\n<p>Examining individual operators, DraftKings maintained its position as the leading online operator, generating $14.4 million in revenue on $144.9 million in wagers.<\/p>\n<p>FanDuel came in second place with $9.9 million in revenue on $86.2 million in wagers, followed by BetMGM, which generated $2.5 million in revenue on $22.5 million in wagers.<\/p>\n<p>Regarding the land-based betting sector, Encore Boston Harbor topped the list with $349,832 in revenue and $3.2 million in handle. <\/p>\n<p>Plainridge Park Gaming House secured the second spot, generating $153,439 from $3 million in wagers, trailed by MGM Springfield, which brought in $72,868 from $607,046 in bets.<\/p>\n<p>Massachusetts gambling income dipped by 2% in July, with the brick-and-mortar gambling industry&#8217;s table and slot machine earnings reaching $98.6 million. This signifies a 2.0% decline in comparison to June&#8217;s $100.6 million.<\/p>\n<p>Slot machine profits amounted to $67.5 million, while table game earnings reached $31.2 million.<\/p>\n<p>Encore Boston Harbor held the top position in the market, boasting a total gambling revenue of $61.3 million. MGM Springfield came in second with $23.5 million, followed by Plainridge Park with $13.9 million.<\/p>\n<p>Overall revenue from sports betting and casino gaming in June totaled $128.1 million, a 3.5% decrease from June&#8217;s $132.8 million. Furthermore, total taxes in July amounted to $33.8 million, with $5.8 million originating from sports betting and another $28 million from casino gaming.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bay State&#8217;s sports betting activity took a downturn in July, marking the fourth consecutive month of decreasing spending. Sports betting in Massachusetts fell below the $300 million mark in July, reaching a total of $294.9 million, a decrease of 11.3% from the $332 million recorded in June. This represents the lowest monthly figure since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MA Sports Betting Takes a Dip in July<\/title>\n<meta name=\"description\" content=\"Massachusetts sports betting saw a decline in July, marking the fourth straight month of decreasing spending. 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